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Article: Gunvor Moves Into Ventspils.
- Article from:
- NEFTE Compass
- Article date:
- March 4, 2009
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International trading firm Gunvor has locked up all of the storage facilities for clean refined products at the Ventbunkers terminal in the Latvian port of Ventspils, effectively cutting out the ability of smaller traders to continue operating at the port because of the presence of three dominant players.
Gunvor took over the Ventbunkers terminal's clean product storage at the start of March, trading sources told Nefte Compass.
Litasco, the trading arm of Russian oil major Lukoil, recently extended its agreement to be the exclusive user of Ventbunkers' storage ...